by Dan Mitchell | Feb 13, 2020 | Big Government, Blogs, Government Spending
Back in 2012, when America had a budget deficit above $1 trillion, Investor’s Business Daily opined that America’s fiscal mess could have been avoided if politicians had simply adopted a TABOR-style spending cap starting in 1998. As illustrated by the accompanying...
by Dan Mitchell | Jan 27, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
About 10 years ago, the Center for Freedom and Prosperity released this video to explain that America’s real fiscal problem is too much spending and that red ink is best viewed as a symptom of that problem. I wrote a primer on this issue two years ago, but I want to...
by Dan Mitchell | Jan 13, 2020 | Big Government, Blogs, Government Spending
I gave a speech this past weekend about the economy and fiscal policy, and I made my usual points about government being too big and warned that the problem would get much worse in the future because of demographic change and poorly designed entitlement programs....
by Dan Mitchell | Nov 25, 2019 | Big Government, Blogs, Government Spending, Taxation
I want lower taxes. I want to reform taxes. And I want to abolish existing taxes and block new taxes. But I also recognize that the biggest fiscal problem, both in America and elsewhere in the world, is that there’s too much government spending. This creates a bit of...
by Dan Mitchell | Oct 26, 2019 | Big Government, Blogs, Government Spending
This week featured lots of angst-ridden headlines about the annual budget deficit for the 2019 fiscal year (which ended on September 30) jumping to $984 billion, an increase of more than $200 billion. For reasons I’ve previously outlined, I don’t lose too much sleep...
